200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 9. Income tax expense Major components of income tax expense 2024 2023 2024 2023 RM RM RM RM Statements of comprehensive income: Current income tax: - Malaysian income tax 6,770,996 5,320,460 173,000 142,000 - Under/(over) provision in prior years 179,220 (1,776,246) 1,180 21,393 - Foreign income tax 128,567 - - - 7,078,783 3,544,214 174,180 163,393 Deferred tax (Note 27): - Origination and reversal of temporary differences 10,400,525 1,042,527 - - - Underprovision in prior years 137,296 1,590,565 - - 10,537,821 2,633,092 - - Income tax expense recognised in profit or loss 17,616,604 6,177,306 174,180 163,393 Domestic income tax is calculated at the Malaysian statutory tax rate of 24% (2023: 24%) of the estimated assessable profit/(loss) for the year. The major components of income tax expense for the years ended 31 December 2024 and 2023 are: Company Group - 46 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 138
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